20.08.202018:53 Forex Analysis & Reviews: Comprehensive analysis of movement options for #Bitcoin & #Ethereum (H4) on August 21, 2020

Minute operational scale (H4)

Cryptocurrencies in the last week of August - an overview of options for the development of the movement of #Bitcoin & # Ethereum (H4) on August 21, 2020.

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#Bitcoin

The movement of # Bitcoin from August 21, 2020 will occur depending on the development and direction of the breakdown of the range:

• resistance level of 11795.00 - the upper border of the ISL38.2 balance zone of the Minuette operational scale forks;
• support level of 11750.00 - the lower border of the channel 1/2 Median Line Minuette.

In case of breakdown of the upper border of ISL38.2 of the equilibrium zone of the Minuette operational scale forks - resistance level of 11795.00 - the development of the #Bitcoin movement within the boundaries of the 1/2 Median Line Minuette channel (11750.00 - 11910.00 - 12070.00) will be confirmed with the prospect of the continuation of the movement of this cryptocurrency already within the boundaries equilibrium zones (12070.00 - 12415.00 - 12750.00) of the Minute operational scale forks.

In case of breakdown of the lower border of the 1/2 Median Line Minuette - support level 11750.00 - #Bitcoin movement will continue within the equilibrium zone (11796.00 - 11615.00 - 11425.00) of the Minuette operational scale forks with the possibility of reaching the initial SSL line (11100.00) of the Minute operational scale forks and updating local minimum 11083.00, and as an option - continuation of the downward movement of this instrument to the boundaries of the 1/2 Median Line Minute channel (10830.00 - 10606.00 - 10380.00).

Details of the movement of #Bitcoin from August 21, 2020 can be seen on the animated chart.

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#Ethereum

The development of the #Ethereum movement from August 21, 2020 will also be determined by the development and direction of the breakdown of the range:

• resistance level of 414.00 - the lower border of the channel 1/2 Median Line of the Minuette operational scale forks;
• support level of 408.68 - the upper border of ISL38.2 of the balance zone of the Minuette operational scale forks.

Breakout of ISL38.2 Minuette - support level 408.68 - a variant of the development of the #Ethereum movement within the boundaries of the equilibrium zones of the operational scale forks - Minuette (408.68 - 397.50 - 386.00) and Minute (394.00 - 377.00 - 359.50).

If the resistance level of 414.00 is broken, the development of the #Ethereum movement can be continued in the 1/2 Median Line channel (414.00 - 422.00 - 430.00) of the Minuette operational scale fork with the prospect of reaching the initial SSL line (443.50) of the Minuette operational scale fork and updating the maximum 447.36.

Details of the #Ethereum movement options from August 21, 2020 are shown in the animated chart.

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The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing "sell" or "buy" orders).